IGT sold in $6.4 billion deal with lottery giant GTECH
Slot machine manufacturer International Game Technology has been sold for $6.4 billion to lottery giant GTECH in a merger that will create the world’s largest gaming equipment provider. Under terms of the agreement, IGT and GTECH will combine under a…
Firm cuts way back on NJ online earning estimate
ATLANTIC CITY, N.J. (AP) – A Wall Street credit rating firm that was among the most pessimistic about the prospects for Internet gambling in New Jersey has cut its already-conservative estimate on the state’s first-year online winnings by more than…
Workers seek to keep endangered casinos open
Trump Plaza ATLANTIC CITY – Now that the shock over the prospect of losing three Atlantic City casinos in the coming months is starting to wear off, many workers and their union are mounting a growing effort to keep them…
What’s going wrong for Atlantic City casinos?
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Betting on the high seas
I just returned from a wonderful 12 night cruise from London through the Baltic Sea. Everything was wonderful, but the casino was unbelievably slow. There were many times that I was able to shoot by myself for 30-40 minutes, then…
International mob-connected ring linked to illegal World Cup betting at Caesars
Paul Phua, a well-known poker player and Malaysian businessman, was one of those taken into custody last week when an FBI-led raid shut down a multimillion-dollar illegal sports betting operation at Caesars Palace. Authorities say the mob-connected operation was taking…
1,153 Trump Plaza workers to lose jobs in shutdown
Wayne Parry, Associated Press ATLANTIC CITY, N.J. (AP) – Job losses at Trump Plaza when the Atlantic City casino shuts down in September will be even worse than expected. Trump Entertainment Resorts began mailing notices to its workers on Monday,…
Ultimate Gaming, El Cortez strike deal for online poker
LAS VEGAS REVIEW-JOURNAL Ultimate Gaming, which operates Ultimate Poker.com, and the El Cortez have entered into a marketing partnership that makes Ultimate Poker the online poker room for the downtown Las Vegas property. The El Cortez has begun marketing UltimatePoker.com…
Only the Fierce Survive at the Poker World Series
By James McManus, Bloomberg View As he had early on, Zach Jiganti, an up-and-coming poker savant, dominated his table pretty much from noon to midnight on Day Three and most of Day Four of the World Series of Poker’s Main…
Atlantic City Situation Sends Message to Other Gaming Communities
Commentary By Geoff Freeman, President and CEO, American Gaming Association Over the past several decades, casinos have proven to be powerful economic engines in communities from coast to coast. Because of our many contributions, Americans today view gaming more favorably…